Posts Tagged ‘debt is slavery’

Debt is a voluntary form of slavery. Okay, I know, that sounds like a bold, rather kook’ish statement, but bare with me. Aside from committing a criminal act, being in debt gives others the most power over you, the most power to limit your time and money. In that sense, debt seriously limits your freedom. The opposite of freedom—slavery!

When you take out a loan, what happens? First, you create an obligation to repay the loan; no big deal, we know that. However, now you need a source of income to repay that loan, whether from a salary, business, etc. (more…)